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As with most forms of investment, peer-to-peer lending carries a degree of risk to your capital; in this case, if the borrower is unable to repay their loan. At Assetz Capital, we seek to reduce this risk to our investors by taking asset security on every loan, with the added benefit of a discretionary Provision Fund for some of our investment accounts. Investment Account target interest rates should be considered along with the relevant Investment Account expected defaults & losses information. Past performance does not guarantee future performance. We recommend that prospective lenders read the Key Investor Information pages before investing.

MEC Electrical Integrated Ltd

Liverpool, Merseyside

When owner Damian Dowling of MEC Electrical Integrated, needed to expand his business quickly, the banks couldn’t help him.

376

£100k

£266

Intro

The loan will be used as additional capital to fund growth of the business.

This meant expanding their team of engineers, who already had a combined 78 years of experience in the industry, and also taking on 3rd year electrical apprentices.

MEC Electrical Integrated fit everything from doorbells to medical call systems, completing work in retail parks, residential homes, hotels, football stadiums, banks and student accommodation.

MEC Electrical Integrated Ltd
MEC Electrical Integrated Ltd

Impact

The Owner, Damian Dowling, has a lot of success and experience in the industry and has succeeded in creating a very profitable business.

With the loan successfully being funded he was able to take on an additional 8 new staff, bringing his employee total to 18 in the Liverpool Area.

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